Markets
Arab oil ministers stress need for continued OPEC, non-OPEC cooperation
- June 06, 2018
Crude oil prices are still in washout mode after a report that the Trump Administration asked OPEC to please raise oil output by 1 million barrels a day, Bloomberg News reported . Saudi Arabia and Russian Federation were already discussing raising OPEC and non-OPEC oil output by around 1 million bpd, sources familiar with the matter said on May 25. (more...)
- June 06, 2018
Crude oil prices are still in washout mode after a report that the Trump Administration asked OPEC to please raise oil output by 1 million barrels a day, Bloomberg News reported . Saudi Arabia and Russian Federation were already discussing raising OPEC and non-OPEC oil output by around 1 million bpd, sources familiar with the matter said on May 25. (more...)
Britain clears way for Murdoch to battle Comcast for Sky
- June 06, 2018
Matt Hancock told MPs he would consult over the next 15 days to finalise the details of the proposed remedy to satisfy concerns the Murdoch Family Trust would have too much influence over United Kingdom media if Fox was to buy Sky. But he said he needed to be sure that Sky News remained financially viable over the long term, was able to operate as a major UK-based news provider and was able to take its editorial decisions independently. (more...)
- June 06, 2018
Matt Hancock told MPs he would consult over the next 15 days to finalise the details of the proposed remedy to satisfy concerns the Murdoch Family Trust would have too much influence over United Kingdom media if Fox was to buy Sky. But he said he needed to be sure that Sky News remained financially viable over the long term, was able to operate as a major UK-based news provider and was able to take its editorial decisions independently. (more...)
Qatar Airways CEO says only a man can do his job
- June 06, 2018
After promising not to make controversial statements at a Sydney press conference, Akbar al-Baker, the chief executive of Qatar Airways , drew gasps from journalists when he suggested that women were not capable of running an airline. Speaking at a press conference following his election, Al Baker was asked what could be done to improve the rates of female employment in the Middle Eastern airways. (more...)
- June 06, 2018
After promising not to make controversial statements at a Sydney press conference, Akbar al-Baker, the chief executive of Qatar Airways , drew gasps from journalists when he suggested that women were not capable of running an airline. Speaking at a press conference following his election, Al Baker was asked what could be done to improve the rates of female employment in the Middle Eastern airways. (more...)
Petrol prices start to fall after hitting four-year high in Australia
- June 06, 2018
The department confirmed that the price of petrol has been increased by 82 cents a litre for 95 and 93 ULP and between 85 and 87 cents a litre for both grades of diesel , Randburg Sun reports. Simon Williams, the RAC's fuel spokesman, said: "May was a hellish month for motorists". 'The rising oil price together with a weaker pound is a punitive combination for anyone that drives regularly. (more...)
- June 06, 2018
The department confirmed that the price of petrol has been increased by 82 cents a litre for 95 and 93 ULP and between 85 and 87 cents a litre for both grades of diesel , Randburg Sun reports. Simon Williams, the RAC's fuel spokesman, said: "May was a hellish month for motorists". 'The rising oil price together with a weaker pound is a punitive combination for anyone that drives regularly. (more...)
Donald Trump, facing pushback, vows USA will be stronger on trade
- June 06, 2018
When President Donald Trump declared that he was imposing a 25 percent tariff on all imports of steel to the United States and a 10 percent tariff on all aluminum imports, not everyone in his own party was happy. president hasn't had time for a briefing on the fate of the world's most important bilateral trade relationship yet. Last week Washington said it was ending a two-month exemption it had granted to imports from Canada, Mexico and the European Union. (more...)
- June 06, 2018
When President Donald Trump declared that he was imposing a 25 percent tariff on all imports of steel to the United States and a 10 percent tariff on all aluminum imports, not everyone in his own party was happy. president hasn't had time for a briefing on the fate of the world's most important bilateral trade relationship yet. Last week Washington said it was ending a two-month exemption it had granted to imports from Canada, Mexico and the European Union. (more...)
Google To End Military AI Drone Project
- June 06, 2018
Diane Greene, Google Cloud's CEO, was quoted as saying in news reports that the company may opt of working for Project Maven . In addition, she reportedly said that were the contract offered to Google today, they would turn it down due to fears over a potential backlash - much as they are experiencing now. (more...)
- June 06, 2018
Diane Greene, Google Cloud's CEO, was quoted as saying in news reports that the company may opt of working for Project Maven . In addition, she reportedly said that were the contract offered to Google today, they would turn it down due to fears over a potential backlash - much as they are experiencing now. (more...)
Italian election crisis stokes fears of global stock market crash
- June 05, 2018
Banks including Banco BPM SpA, Unione di Banche Italiane SpA, Intesa Sanpaolo and UniCredit, have been the worst performers among Italian stocks since May 15. Regarding the safe-haven assets, reignited fears of a global trade war supported Yen, The greenback edged lower by 0.09 percent versus the Japanese Yen, to close at 108.81, gravitating back towards Tuesday's five-week low of 108.10. (more...)
- June 05, 2018
Banks including Banco BPM SpA, Unione di Banche Italiane SpA, Intesa Sanpaolo and UniCredit, have been the worst performers among Italian stocks since May 15. Regarding the safe-haven assets, reignited fears of a global trade war supported Yen, The greenback edged lower by 0.09 percent versus the Japanese Yen, to close at 108.81, gravitating back towards Tuesday's five-week low of 108.10. (more...)
Starbucks chairman Howard Schultz stepping down
- June 05, 2018
Together we've done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility. Schultz, 64, has been with Starbucks for almost four decades and built it into one of the world's most powerful global brands. (more...)
- June 05, 2018
Together we've done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility. Schultz, 64, has been with Starbucks for almost four decades and built it into one of the world's most powerful global brands. (more...)
Apple introduces iOS 12, its latest operating system iteration, at developer conference
- June 04, 2018
Bloomberg reports that there will be updates to ARKit, the framework the company released previous year to help developers build augmented-reality apps. In a demo with the Kayak app, Apple showed there's an "Add to Siri ". A new For You section will highlight photos that the app thinks you'll particularly enjoy - such as a photo taken on this day one year ago. (more...)
- June 04, 2018
Bloomberg reports that there will be updates to ARKit, the framework the company released previous year to help developers build augmented-reality apps. In a demo with the Kayak app, Apple showed there's an "Add to Siri ". A new For You section will highlight photos that the app thinks you'll particularly enjoy - such as a photo taken on this day one year ago. (more...)
Apple WWDC event: What to expect?
- June 04, 2018
Today is the day of Apple's Worldwide Developer Conference (WWDC ), where Apple usually reveals interesting updates. Further, the new version of the mobile operating system will open the iPhone's NFC functionality to a variety of third-party developers , according to reports . (more...)
- June 04, 2018
Today is the day of Apple's Worldwide Developer Conference (WWDC ), where Apple usually reveals interesting updates. Further, the new version of the mobile operating system will open the iPhone's NFC functionality to a variety of third-party developers , according to reports . (more...)
Google Project Maven AI contract won’t be renewed in 2019
- June 04, 2018
Through Project Maven , Google provides artificial intelligence technology to the Pentagon to help humans detect and identify targets captured by drone images. The petition didn't immediately result in a change in Google's plan, which led to a dozen employees reportedly quitting the company in protest. In today's meeting, Greene told employees that Google is at the forefront of the conversation about the ethical use of artificial intelligence. (more...)
- June 04, 2018
Through Project Maven , Google provides artificial intelligence technology to the Pentagon to help humans detect and identify targets captured by drone images. The petition didn't immediately result in a change in Google's plan, which led to a dozen employees reportedly quitting the company in protest. In today's meeting, Greene told employees that Google is at the forefront of the conversation about the ethical use of artificial intelligence. (more...)
One lucky Lotto player has woken up €4.3 million richer this morning
- June 04, 2018
Marie, Toronto the Sault Ste. That victor hasn't come forward, yet, to claim their six-figure prize. One lucky person in Ireland has just nabbed themselves quite the bank holiday take-home surprise as they've only gone and won over €4 million in Saturday night's Lotto. (more...)
- June 04, 2018
Marie, Toronto the Sault Ste. That victor hasn't come forward, yet, to claim their six-figure prize. One lucky person in Ireland has just nabbed themselves quite the bank holiday take-home surprise as they've only gone and won over €4 million in Saturday night's Lotto. (more...)
Merkel rules out relief for Italy, gives nod to Macron
- June 04, 2018
Reports say a major trading war is brewing between the USA and its closets allies after the imposition of new tariffs which could see U.S. consumers pay more for everything from canned soup to cars. However Ms Merkel, whose political power has diminished in her fourth term as her ruling majority has shrunk, insisted she would draw the line at German taxpayers assuming responsibility for other nations' debt. (more...)
- June 04, 2018
Reports say a major trading war is brewing between the USA and its closets allies after the imposition of new tariffs which could see U.S. consumers pay more for everything from canned soup to cars. However Ms Merkel, whose political power has diminished in her fourth term as her ruling majority has shrunk, insisted she would draw the line at German taxpayers assuming responsibility for other nations' debt. (more...)
Microsoft climbing back toward most valuable company in the world
- June 04, 2018
At the end of Tuesday's regular trading session, Microsoft become the world's third most valuable firm, beating Alphabet's market value of US$ 739 billion (NZ$1.06 trillion). Morgan Stanley believes that Microsoft will be one of the first companies out there to hit a $1 trillion valuation within the space of a year thanks to the growth of cloud services. (more...)
- June 04, 2018
At the end of Tuesday's regular trading session, Microsoft become the world's third most valuable firm, beating Alphabet's market value of US$ 739 billion (NZ$1.06 trillion). Morgan Stanley believes that Microsoft will be one of the first companies out there to hit a $1 trillion valuation within the space of a year thanks to the growth of cloud services. (more...)
U.S. unemployment falls almost to 1969 levels; hiring is solid
- June 04, 2018
Black unemployment is down to 5.9 percent, while white unemployment is at 3.5 percent - the smallest gap between the two rates ever recorded. And it should push average annual pay increases above 3% by the end of the year, economists say. For now, the solid hiring data coincides with other evidence that the economy is on firm footing after a brief slowdown in the first three months of the year. (more...)
- June 04, 2018
Black unemployment is down to 5.9 percent, while white unemployment is at 3.5 percent - the smallest gap between the two rates ever recorded. And it should push average annual pay increases above 3% by the end of the year, economists say. For now, the solid hiring data coincides with other evidence that the economy is on firm footing after a brief slowdown in the first three months of the year. (more...)
Cottarelli stands aside as populist government eyes power in Italy
- June 04, 2018
Conte has so far left policy specifics to the drivers of his improbable rise, his two deputies: Salvini and 5-Star leader Luigi Di Maio. Immigration is the bugbear of Conte's interior minister, Salvini, the 45-year-old leader of the anti-immigrant, anti-Islam League, who announced Friday he would visit Sicily to see the situation for himself at one of the main landing points for refugees fleeing war, persecution and starvation across North Africa and the Middle East. (more...)
- June 04, 2018
Conte has so far left policy specifics to the drivers of his improbable rise, his two deputies: Salvini and 5-Star leader Luigi Di Maio. Immigration is the bugbear of Conte's interior minister, Salvini, the 45-year-old leader of the anti-immigrant, anti-Islam League, who announced Friday he would visit Sicily to see the situation for himself at one of the main landing points for refugees fleeing war, persecution and starvation across North Africa and the Middle East. (more...)
Pet dog tragically dies in carrier during plane stopover
- June 04, 2018
The attendant checked again about two hours later and the dog was dead. But, when the plane landed at its destination airport, Alejandro was dead and there was vomit in the cage. So far the cause of death has not been determined. Yet another dog has been found dead on an airplane, and the devastated family wants answers. In March, a French bulldog called Kokito died on a United Airlines flight from Houston to NY after a flight attendant told the owner to put the dog, which was in a ... (more...)
- June 04, 2018
The attendant checked again about two hours later and the dog was dead. But, when the plane landed at its destination airport, Alejandro was dead and there was vomit in the cage. So far the cause of death has not been determined. Yet another dog has been found dead on an airplane, and the devastated family wants answers. In March, a French bulldog called Kokito died on a United Airlines flight from Houston to NY after a flight attendant told the owner to put the dog, which was in a ... (more...)
Visa cards affected by major processing outage in Europe
- June 04, 2018
They further clarified that the issues were not a result of any cyber attack. The issue also prevented many European customers from transacting with cash deposited in their bank accounts. "We strongly advise people to keep any evidence of extra expenses they've incurred in order to claim them back". They said con artists could phone up, posing as a company wanting to check your bank details. (more...)
- June 04, 2018
They further clarified that the issues were not a result of any cyber attack. The issue also prevented many European customers from transacting with cash deposited in their bank accounts. "We strongly advise people to keep any evidence of extra expenses they've incurred in order to claim them back". They said con artists could phone up, posing as a company wanting to check your bank details. (more...)
Partners Launch First Autonomous Solid-State LiDAR Logistics Vehicle
- June 04, 2018
RoboSense has now formed partnership with Cainiao Network to offer solid-state LiDAR to unmanned logistics vehicles of Alibaba's subsidiary. The unmanned cars and trucks can also be equipped with different smart devices according to demand, turning the vehicle into a courier vehicle, a mobile self-pickup station, a mobile coffee vending cart, etc., which can be applied to various new retail scenarios. (more...)
- June 04, 2018
RoboSense has now formed partnership with Cainiao Network to offer solid-state LiDAR to unmanned logistics vehicles of Alibaba's subsidiary. The unmanned cars and trucks can also be equipped with different smart devices according to demand, turning the vehicle into a courier vehicle, a mobile self-pickup station, a mobile coffee vending cart, etc., which can be applied to various new retail scenarios. (more...)
Google employees raise concerns over its contract with US Defense Dept
- June 04, 2018
In the end, Google did not promote its work on Maven, but The Intercept said the Google team agreed that the firm should work to agree a "narrative" as quickly as possible. The internet itself evolved from Arpanet, funded by the Defense Advanced Research Projects Agency, and major tech companies like IBM and Microsoft have provided software to the military for decades. (more...)
- June 04, 2018
In the end, Google did not promote its work on Maven, but The Intercept said the Google team agreed that the firm should work to agree a "narrative" as quickly as possible. The internet itself evolved from Arpanet, funded by the Defense Advanced Research Projects Agency, and major tech companies like IBM and Microsoft have provided software to the military for decades. (more...)
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Trump says tariffs on European cars are still on the table